Gov. Gavin Newsom (D-CA) proposed a $322 billion budget for California on Monday in an attempt to burnish his legacy as his time leading the state draws to a close.
If his budget is approved, it would be the first time in two years California is not expected to have a deficit in its state budget. Newsom attributed the 2025 plan to planning in the last budget that allowed the state to avoid a shortfall this year.
“Last year, we endeavored to make this year’s budget a nonevent,” he said. “Last year, we endeavored to solve the problems this year and did something we haven’t done in the past.”
His office estimates tax revenues for this year are $16.5 billion above projections. The governor’s proposal
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